June 20th – NIO, the pioneer, and leader in the high-end intelligent electric vehicle market (NYSE: NIO; HKEX: 9866; SSE: NIO), announced that it has entered into a subscription agreement with Abu Dhabi sovereign fund CYVN Holdings L.L.C.
Following the news, as of the close on June 21st, NIO’s Hong Kong stock price rose by 3.97% to HK$73.35 per share, with a market capitalization of HK$126.1 billion.
CYVN Holdings is an investment entity majority-owned by the Abu Dhabi government, with a strategic focus on advanced and intelligent mobility.
According to the subscription a …
